Welcome to our dedicated page for Intrepid Potash news (Ticker: IPI), a resource for investors and traders seeking the latest updates and insights on Intrepid Potash stock.
Intrepid Potash Inc (IPI) serves as America's only domestic potash producer, delivering essential agricultural nutrients and oilfield solutions through innovative solar evaporation techniques. This dedicated news hub provides investors and industry professionals with timely updates on operational developments, financial milestones, and market leadership in sustainable mineral production.
Access comprehensive coverage of IPI's core activities including potash production updates, Trio® fertilizer innovations, and oilfield service expansions. Our curated collection features official press releases, earnings reports, and strategic announcements – all vital for understanding the company's role in agriculture, energy, and industrial markets.
Key content categories include production capacity changes, sustainability initiatives, product line enhancements, and operational efficiency achievements. Regular updates ensure stakeholders maintain current awareness of IPI's market position as a low-cost producer leveraging unique solar evaporation technology.
Bookmark this page for direct access to primary source materials from Intrepid Potash Inc. Check back frequently for new developments impacting fertilizer markets, oilfield services, and domestic mineral production capabilities.
Intrepid Potash (NYSE: IPI) will release its Q1 2023 financial results on May 3, 2023, after market close. A conference call is scheduled for May 4, 2023, at 12:00 p.m. ET to discuss results and answer investor questions. Participants can join via toll-free number 1 (888) 210-4149 or toll dial-in 1 (646) 960-0145, using conference ID 9158079. The call will also be available via webcast. A recording will be accessible shortly after the call's conclusion and available until May 11, 2023. Intrepid specializes in potassium, magnesium, sulfur, and other mineral products, with a focus on sustainable and cost-effective potash production.
Intrepid Potash reported its financial results for Q4 and full-year 2022, achieving total sales of $66.7 million for Q4 and $337.6 million for the year. The average net realized sales prices for potash and Trio® rose to $713 and $479 per ton, respectively. Net income for Q4 was $4 million ($0.30 per diluted share) and $72.2 million ($5.37 per diluted share) for the year. Adjusted EBITDA stood at $23.1 million in Q4, totaling $141.8 million for 2022. The Company ended the year with $18.5 million in cash and $149 million in credit capacity. Capital spending for 2022 was $68.7 million, with guidance for 2023 set at $60 to $75 million.
Intrepid Potash Inc. (NYSE: IPI) is scheduled to release its fourth quarter 2022 financial results on March 6, 2023, after market close. A conference call will follow on March 7, 2023, at 12:00 p.m. ET to discuss the results and address investor queries. Interested parties can listen via toll-free dial-in or through a live webcast. The recording will be available shortly after the call until March 14, 2023.
Intrepid specializes in diverse mineral products essential for agriculture and industrial uses, including being the only U.S. producer of muriate of potash.
Intrepid Potash reported a strong Q3 2022 with total sales of $74.8 million, up $15.6 million from Q3 2021, driven by rising potash and Trio® prices. Net income reached $13.1 million or $0.97 per diluted share, a significant improvement from $4.0 million in the previous year. Cash flow used in operations was $14.1 million due to a refund of $32.6 million to a customer. The company has strong liquidity of $195 million. Adjusted EBITDA for the quarter stood at $27.0 million, marking a $13.9 million increase compared to last year.
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